[Japanese Government Allocates an Additional $944 Million to Support Chip Startup Rapidus] The Japanese government will allocate an additional 150 billion yen (approximately $944 million) to support chip startup Rapidus, aiming to enhance domestic chip manufacturing capabilities and reduce reliance on Taiwan's TSMC. According to Jin10 reports, Japan's Ministry of Economy, Trade and Industry will seek more funding for Rapidus in the fiscal year 2027 budget, with the company targeting the production of advanced 2-nanometer chips by 2027.
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